Bay Equity Home Loans has announced that it is now approved by Ginnie Mae, the agency expands affordable housing opportunities nationwide. In addition to Ginnie Mae, Bay Equity also has the approval of the two other federal agencies operating in the secondary lending market—Fannie Mae (FNMA) and Freddie Mac (FHLMC). “Our hard work to secure these approvals will lead to a variety of positive developments for the company,” said Bay Equity President Brett McGovern. “Above all, we are striving to build a company that is built on a solid foundation and the quality of our loans and strong relationships with the Agencies are central to that end.” Full agency approval means increased liquidity, freedom from investor overlays and purchase turn times, and the ability to issue mortgage-backed security pools direct to Wall Street. Other Bay Equity agency-direct products include DU Refi Plus, Open Access and LP.